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lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south carolina lawmaker congressman trey, and congressman, great to have you with us. let me begin with the fiscal cliff. as i discussed with steven and our editor, chris, i have not heard a single republican say of the president's ultimatum, you know, that's the cause of the cliff, not the facthat we department yield to that ultimatum. why in the world aren't republicans talking about the president's ultimatum is -- as thee causal agent of any plunge over the fiscal cliff? >> wel lu, this are a few. jim jordan, demint, we don't have a megaphone
lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south...
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the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of force, of demonstrations between the morsi regime, which is still trying to assert itself, the gun to influence the army, but did not complete the job, so the army is not completely under the hands of morsi, but, on the other hand, a dynamic opposition uniting against morsi and has been early on the responsible for the uprising in egypt against mubarak, replaced with the brotherhood, and bottom line, lou, is now the obama administration realizes that a partnership with the muslim brotherhood and morsi will not do. there has to be a triangle agree
the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of...
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>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of aolitical operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point i
>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will...
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Dec 23, 2012
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. >> i was going to ask a question about washington. in the case of susan rice and chuck hagel, it seems like we're going through exercise of pre- betting. is this a new and healthy trend in washington? >> i do not think it is really new. i think today with the media, everybody knows about everything the minute it happens. perhaps it is new because of that. we are a democratic society, an open society. people have a right and an obligation to voice their opinions and vent. if you're appointing someone to a high post, you need to look behind the credentials. chuck hagel is qualified to be secretary of defense. you want to have these other things available as well. he wants someone to not be controversial. if they are controversial, they will be distracted from what they ordinarily should be doing. you want to have a non- controversial nominee. >> i wanted to press you a little bit on this. your colleague shelley berkley has said that chuck hagel is unacceptable for secretary of defense. do you support or oppose that potential nomination?
. >> i was going to ask a question about washington. in the case of susan rice and chuck hagel, it seems like we're going through exercise of pre- betting. is this a new and healthy trend in washington? >> i do not think it is really new. i think today with the media, everybody knows about everything the minute it happens. perhaps it is new because of that. we are a democratic society, an open society. people have a right and an obligation to voice their opinions and vent. if you're...
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Dec 25, 2012
12/12
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gerri: when we come back should entitlement reforms be on the table in washington? the latest on medicare, next. gerri: a ticking timebomb inside the federal budget putting taxpayers on the hook for billions of dollars in defaults. at student loans, that is what i'm talking about, escalating intoou nosebleed territory with delinquencies rates at a new all-time high outstripping any other consumer debt. our student loans the new subprime loan? joining me now, spokesman for the young american foundation. thank you for joining us. we really appreciate your time. the president is talking about higher education and how it should be an economic imperative. listen to this. >> a higher education is no longer a luxury. it is an economic imperative in the 21st century. it is part of what we nee to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone hava college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 d
gerri: when we come back should entitlement reforms be on the table in washington? the latest on medicare, next. gerri: a ticking timebomb inside the federal budget putting taxpayers on the hook for billions of dollars in defaults. at student loans, that is what i'm talking about, escalating intoou nosebleed territory with delinquencies rates at a new all-time high outstripping any other consumer debt. our student loans the new subprime loan? joining me now, spokesman for the young american...
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>> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language. echoes the demoralization of the media d the -- lou: let's raise some hell, george. let'rase some hell and get some people focused on the right things here. always great to talk to you. >> thank you. lou: george gilde much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast he egyptians reolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for efense of democracy joins us here in moments. the unemployment rate drops. so did the number workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next witheter wallace and. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry coission member peter wallace will join me here in
>> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language. echoes the demoralization of the media d the -- lou: let's raise some hell, george. let'rase some hell and get some people focused on the right things here. always great to talk to you. >> thank you. lou: george gilde much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast he...
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Dec 3, 2012
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but in washington that is all the time in the world. this comes down to something on the cusp of christmas, christmas eve or new year's eve. there is a risk for both sides off the cliff. some say the burden is on the republicans that come to the deal. but big part of what the president second term is like. what he can do on a variety of other things is shaped by what happens here. there is a significant risk and students for both sides. >> to that point. there are republicans who say democrats want to go over this cliff. it would be tougher to get anything else done if the economy is in the tank at the beginning of next year. >> it would be tough to move the ball on other things. >> it would diminish capital that the president says. it would create ill will. more ill will than we see now. i think they believe there are things they could do quickly to mitigate the damage it would cause. if it would drive to us recession they could pull back on the rolling back the tax cut for the middle class. doing, undoing some of the sequester cuts. t
but in washington that is all the time in the world. this comes down to something on the cusp of christmas, christmas eve or new year's eve. there is a risk for both sides off the cliff. some say the burden is on the republicans that come to the deal. but big part of what the president second term is like. what he can do on a variety of other things is shaped by what happens here. there is a significant risk and students for both sides. >> to that point. there are republicans who say...
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Dec 20, 2012
12/12
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washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let pa of its services go private. somebody could come in, th should be a private equity turn around where you cut costs l
washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other...
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Dec 27, 2012
12/12
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lou: i know in washington, d.c., there is a view strongly held by many that a parallel view of the universe, although unrelated to the one in which we live if authorized by the gym and government authority therefore it is correct, it is not a view most of us living out here in america actually can support or agree with. the ambassador is likely to be the next national security advisor to the president, she will remain on his, if you will, a teamclose. who is next? >> the next surgery state has to have a good understanding of the region, of all regions from north korea toin libya. with what is happening now in egypt, the earthquake that will begin as of tomorrow with theaso passing of a referendum with the civil war in syria and the unsettled business between gaza and israel with the possibility in the next year or so iran will tell us they're nuclear now, the next has to oneat that is welly educated in what is happening otherwise we will end up with muchween bigger benghazi proble. lou: imagine the constitutional referendum tomorrow. it will take some time for that to fully develop with sup
lou: i know in washington, d.c., there is a view strongly held by many that a parallel view of the universe, although unrelated to the one in which we live if authorized by the gym and government authority therefore it is correct, it is not a view most of us living out here in america actually can support or agree with. the ambassador is likely to be the next national security advisor to the president, she will remain on his, if you will, a teamclose. who is next? >> the next surgery...
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the american people want to compromise an make washington work. he said it again and put out a specific offer. all we have heard from the president is a hard-line wasno negotiation on the tax side and not e word about the entitlement reforms that would have to match that for this plan to make any sense. and it is that absence of lead on the spending side nd unwillingness to make compromises that will actually get als done and have washington auction again that i think our marks aginst this lame-duck session. lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. 's a big spending cut. more importantly, if you look at the debt ceiling debate, we saw a sharp drop in conser confidence and we saw hat today in te december number. a sharp drop in consumer confiden, and you also will see a big financial market disruption. those are genie's you cann
the american people want to compromise an make washington work. he said it again and put out a specific offer. all we have heard from the president is a hard-line wasno negotiation on the tax side and not e word about the entitlement reforms that would have to match that for this plan to make any sense. and it is that absence of lead on the spending side nd unwillingness to make compromises that will actually get als done and have washington auction again that i think our marks aginst this...
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Dec 9, 2012
12/12
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washington hasn't balanced it's checkbook. it has to borrow money from the chinese to pay its bills. barely shows any real work or progress on our behalf. maybe they just aren't listening to us any more. it occurred to me if they won't listen to us i wonder if they will listen to a stronger voice. i wonder if they will listen to god? walls of water party, or signs and watonders. sometimes you speak them in a still small voice. since the leaders from either party don't seem to listen to us wonder what would happen if we asked god to speak to them so maybe they would listen to him. it may be a good day for somebody to have more of a million voice march on capitol hill. what if millions of americans simply prayed that day for our nation our leaders and. i am not talking about partisan prayer. i am not sure the almighty would register with either of the parties we have now. not even a political prayer. i am not sure what the creator would like to reveal. what if millions of americans just set aside a few minutes to pray for each o
washington hasn't balanced it's checkbook. it has to borrow money from the chinese to pay its bills. barely shows any real work or progress on our behalf. maybe they just aren't listening to us any more. it occurred to me if they won't listen to us i wonder if they will listen to a stronger voice. i wonder if they will listen to god? walls of water party, or signs and watonders. sometimes you speak them in a still small voice. since the leaders from either party don't seem to listen to us...
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Dec 14, 2012
12/12
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so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing te murders rain is a an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and it could force you and other taxpayers to simply forfeid your home. our report next. ♪ americans are always ready to work hard for a better future. sincemeriprise financial was founded back in894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ lou: more red tape. the associated press
so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing te murders rain is a an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and it...
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Dec 15, 2012
12/12
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have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer investment. sam, let's start with you. we keep hearing if you tax the wealthy it really doesn't have a negative impact because one, the wealthy take tir tax refund and save them. they don't spend them. is that not accurate? what is the negative implications of taxing the wealthy? >> i think anytime you take money away from anybody they are obviously going to have less money. the quesestion whether the wealthy spend their money or save it, i think that is a tougquestion to answer, because if you look at where people will be taxed, a lot of people will be spendi
have a safe trip back to washington. >> thank you. adam: more than 180 of the nation's top economic mind are joining together for a common cause. they're warning congress that raising taxes on anyone, on anyone, as part of a fiscal cliff deal would have devastating consequences to the american economy. so will d.c. hear that message? joining me for more on this, the man behind the campaign the executive vice president of the national taxpayers union. and a economist with pioneer...
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Dec 26, 2012
12/12
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what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less venues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california and several other states that topate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment
what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less venues. lou: do you interpret...
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Dec 26, 2012
12/12
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what it is doing in washington dc tomorrow. gerri: what you think will be accomplished in a conference call tomorrow? >> honestly, i do not know. this was a surprise that we got. but we knew we were going to be given 48 hours notice to come back to the capital. so i suspect that's a conference call is. gerri: you guys should stay until the problem is solved. there's nothing wrong with working weekends, my friend. it's always great to have you on the show. you are always so patient with my questions. thank you so much, congressman. it's great to have you on. >> thank you, gerri. gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supp
what it is doing in washington dc tomorrow. gerri: what you think will be accomplished in a conference call tomorrow? >> honestly, i do not know. this was a surprise that we got. but we knew we were going to be given 48 hours notice to come back to the capital. so i suspect that's a conference call is. gerri: you guys should stay until the problem is solved. there's nothing wrong with working weekends, my friend. it's always great to have you on the show. you are always so patient with my...
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Dec 14, 2012
12/12
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so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing the murders rain is at an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and it could force you and other taxpayers to simply forfeited your home. our report next. ♪ ♪ lou: more red tape. the associated press reported the obama administration is quietly rolling out dozens of major new regulations now that the election and campaign scrutiny is over as if it were ever very, well, powerful. covering everything from greenhouse gas emissions to oil drilling to wall street. one of the more controversy regulations requiring all new cars to have black boxes beginning in 2014. supporters say those data recorders we will help determ
so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing the murders rain is at an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and...
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Dec 11, 2012
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weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president. that is nicholas maduro. venezuela's oil minister announced at the last opec meeting the country has the largest oil reserves in the world. would the death of chavez have a major impact on the global oil market? with me, john kingston, platt's global director. welcome back to the show. this is huge. we've been follong this for a long time but i mean 's very serious. emergency surgery. it is his thir surgery. he never talked about what kind of cancer he has but at this point it has got to be very serious? >> i think we can assume the chavez area is almost over. as
weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president....
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Dec 6, 2012
12/12
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we have team coverage from the region and washington. >>> also breaking overnight, arrested. the american software guru on the run for weeks after his neighbor was killed. now, in the hands of authorities. >>> an alert for parents. the government issuing a warning about a popular product, after the deaths of five newborns. >>> and rover behind the wheel? yep. teaching dogs to drive. >>> and good morning, everyone. we begin with that developing story from syria's civil war. credible, new concerns about the use of chemical weapons by syrian forces. >> syria's chemical weapons stockpile is believed to be one of the largest in the world. and there's word that regime forces might be ready to use it. we spoke with alex marquardt a short time ago, from the turkey/syria border. >> reporter: it seems that syria went through the preparation phase, loading components of the highly-toxic sarin gas. syria doesn't even acknowledge that it has chemical weapons. they've said that they would never use them against their own people. but one top official warned this summer that they would only
we have team coverage from the region and washington. >>> also breaking overnight, arrested. the american software guru on the run for weeks after his neighbor was killed. now, in the hands of authorities. >>> an alert for parents. the government issuing a warning about a popular product, after the deaths of five newborns. >>> and rover behind the wheel? yep. teaching dogs to drive. >>> and good morning, everyone. we begin with that developing story from...
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Dec 13, 2012
12/12
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. >> eliot: which is something we got used to watching in washington, d.c. with the republican majority in the house of representatives. it seems so unlikely to have occurred in michigan. jennifer granholm recently your two-term governor, a colleague here at current tv, and also a close friend, i said to her i can't understand how this has happened. would these bills pass in the new legislature that will be seated in january? >> that's a great question and we have to question that. what is the push? why are we pushing these true these through in lame duck. i think they would have a harder time and i think that's why they're pushing it through. you saw the outpour in june against the when i use the word vagina. people were outraged with this legislation. you know, from there we had the aiken comment, and it went on from there. and the outcry and how women came out in november to vote. >> eliot: right. >> everything that they're trying to be push through lame duck is against the voters. there was something else being introduced, a tax exemption for fetuses. an
. >> eliot: which is something we got used to watching in washington, d.c. with the republican majority in the house of representatives. it seems so unlikely to have occurred in michigan. jennifer granholm recently your two-term governor, a colleague here at current tv, and also a close friend, i said to her i can't understand how this has happened. would these bills pass in the new legislature that will be seated in january? >> that's a great question and we have to question that....
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. >> tahman bradley, live in washington. thanks, tahman. >>> we also have breaking news this morning from egypt. deadly clashes between opponents and supporters of egypt's new president. at least five people were killed. almost 500 injured overnight in violence that raged around the egyptian presidential palace. opponents of president mohammed morsi are angry over his power grab last month. and a new constitution that was drafted by morsi's allies. >>> we turn to the latest on software mogul john mcafee. he was arrested last night in guatemala for entering the country illegally. now, officials there might send him back to belize, the place he was running from. mcafee vanished in belize after his neighbor was found dead. in an exclusive interview, he denied any involvement in that murder. and he told abc's matt gutman how he disguised himself on the run. >> i had a cane. i was walking like this. and i had my jaws stuffed with toilet paper. >> mcafee said he was requesting asylum in guatemala because he fears he will be killed
. >> tahman bradley, live in washington. thanks, tahman. >>> we also have breaking news this morning from egypt. deadly clashes between opponents and supporters of egypt's new president. at least five people were killed. almost 500 injured overnight in violence that raged around the egyptian presidential palace. opponents of president mohammed morsi are angry over his power grab last month. and a new constitution that was drafted by morsi's allies. >>> we turn to the...
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Dec 12, 2012
12/12
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some considerable concern being expressed now in washington d.c. you're about -- your thoughts? >> i cannot possibly see what good can come of sending f-16s and tanks to egypt. i don't think -- i don't understand it. it should be held back. what used to they have, especially in a time when the troops of been ordered to arrest civilians? it just doesn't make any sense to me. lou: the former national director of intelligence, and director of national intelligence saying here last night that he thinks it's important because its engagement , and engagement is positive in and of itself. your thoughts? >> engagement with people who seek, i again, destruction is not positive. especially when it's not just engagement callaloo. this is legitimization. this is in richmond. we are now being told this is going to be charming. certainly empower and probably involving these guys, and no good can come on that. it's folly, and i think we're seeing in libya and egypt and tunisia and yemen, probably syria. lou: 15 seconds. very quickly. we just received word that the president is recognizing that
some considerable concern being expressed now in washington d.c. you're about -- your thoughts? >> i cannot possibly see what good can come of sending f-16s and tanks to egypt. i don't think -- i don't understand it. it should be held back. what used to they have, especially in a time when the troops of been ordered to arrest civilians? it just doesn't make any sense to me. lou: the former national director of intelligence, and director of national intelligence saying here last night that...
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Dec 28, 2012
12/12
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tom: it's halftime, washington is getting fully throttled. federal pension fund is running dry, they posted a $34 billion deficit just for this year. and there is new worries it could o belly up. that is on top of the fha, federal housing agency, saying it is $16 billion in the red, if they get tapped out, and need a bailout, get ready to shell out. jonathan is all fed up. most people don't know about it i don't think it is a question of if, i think but when they need a bailout. >> if you look at the statistics, the economics, it is likely they will need taxpayer assistance, this is a branch of government, a part of government lost a billion dollars in 2012, it is only 70% funded, it is cash flow negative, an and $34 billion deficit, and 300 300 million of exposure to risky mentioned that will likely have to assume. just like the savings lone insurance scheme a few decade ago, it is my opinion they will need a taxpayer bailout. tom: it is a mouthful pbgc, pension benefit -- corporation, most don't know about it unless are a united airline pil
tom: it's halftime, washington is getting fully throttled. federal pension fund is running dry, they posted a $34 billion deficit just for this year. and there is new worries it could o belly up. that is on top of the fha, federal housing agency, saying it is $16 billion in the red, if they get tapped out, and need a bailout, get ready to shell out. jonathan is all fed up. most people don't know about it i don't think it is a question of if, i think but when they need a bailout. >> if you...
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Dec 28, 2012
12/12
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FBC
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our bond market should be in disarray in the politicians in washington right now. our credit should be being downgrade. we are going the wrong direction. there is not one single compromise on the table being discussed in washington that is positive for the economy, no one knows where a new job comes from. it is from a business owner has profit and wants to expand. tell me what compromise is being discussed? it is putting more money into a business owner's pocket so expand and hire is somebody. it is not happening. stuart: why isn't the bond market tearing the administration to shreds and wire when not being downgraded? keep printing money no matter l what? >> absolutely. in my career there have been three bubble. the first was the nasdaq bubble. we traded at rousing bubble and now we have a global-global government bond market bubble, and will not last and there will be tremendous opportunities when the time is right. this is an abomination. politicians should be getting crucified because of what is happening right now. stuart: i wish we could end on a note of hope
our bond market should be in disarray in the politicians in washington right now. our credit should be being downgrade. we are going the wrong direction. there is not one single compromise on the table being discussed in washington that is positive for the economy, no one knows where a new job comes from. it is from a business owner has profit and wants to expand. tell me what compromise is being discussed? it is putting more money into a business owner's pocket so expand and hire is somebody....
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Dec 6, 2012
12/12
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WUSA
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average highs 50. 46 in washington. perhaps 48 manassas and 45 at the naval academy and gaithersburg. 4:27. let's go over to monika with a look at timesaver traffic. >>> we have quite a few incidents. one in southeast minnesota avenue north of good hope road where fire activity remains. so watch out for that if you're traveling in the southeast area, then you want to know about this. in the 1:00 hour on the outer loop of the beltway right here at i-270, that's the westbound side of 495, tractor-trailer on its side right at the entrance for 270. it's still there on its side along the right side of the road. crews are on the scene there. let's take a live look. it's not easy to find a camera in that area. luckily east of 270, you're not seeing much in terms of a delay but you still want to scoot over to the left. you can access 270 on the northbound side westbound 495 to northbound 270. but it was fully loaded. it's going to take them the entire rush hour. they're telling me to clear that up. so just be aware of that. it
average highs 50. 46 in washington. perhaps 48 manassas and 45 at the naval academy and gaithersburg. 4:27. let's go over to monika with a look at timesaver traffic. >>> we have quite a few incidents. one in southeast minnesota avenue north of good hope road where fire activity remains. so watch out for that if you're traveling in the southeast area, then you want to know about this. in the 1:00 hour on the outer loop of the beltway right here at i-270, that's the westbound side of...
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Dec 7, 2012
12/12
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CSPAN2
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. >> my name is -- [inaudible] -- washington d.c. what's missing on discussions is the fact that islamists have nothing to offer except for sharia law and muslims are fed up with the sharia law. the other point is there's a new new generation of arabs that face the people. i wrote an article about this, who are very different than their fathers and grandfathers. which we should be focusing on. >> can make it to a question? >> -- something we should be focusing on. our democracy by islamist ideology. what shall we do about the threat to democracy the case arabs are going to sort their problems out. this is the first time they're focusing on their own homegrown problems gloominess and israelis and other people. what should we do about the ideology that is focusing on destruction of democracies? >> would anybody like to take out one? >> it begins by recognizing what it is. a couple of years ago before these tahrir square movement, there is a prominent article about my son brother had. the term moderate is a separate term because to us i
. >> my name is -- [inaudible] -- washington d.c. what's missing on discussions is the fact that islamists have nothing to offer except for sharia law and muslims are fed up with the sharia law. the other point is there's a new new generation of arabs that face the people. i wrote an article about this, who are very different than their fathers and grandfathers. which we should be focusing on. >> can make it to a question? >> -- something we should be focusing on. our...
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Dec 5, 2012
12/12
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FOXNEWSW
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>>trace: thank you, shannon, in washington, dc. we have our senior judicial analyst, judge napolitano. i am fascinating by what shannon said about justice roberts saying you have the mother got on a plane and the father used the proper legal channels and now gets on a plane and now she wins. >>judge napolitano: there are a lot of factors. this is the interpretation of an international treaty. the treaty was written to address situations like this. married couple with children who traveller a great deal. a classic case to address members of the military. married couple with children where each party to the marriage is from a different country. the other factor here, something the supreme court hates: cases involving domestic disputes, custody over children, divorce cases, none of the justices have experience with it. this is typically if state court. what the chief justices is saying is something we can all understand. the father lost at a federal trial court in atlanta before he had the opportunity toat loss te child and flew to sc
>>trace: thank you, shannon, in washington, dc. we have our senior judicial analyst, judge napolitano. i am fascinating by what shannon said about justice roberts saying you have the mother got on a plane and the father used the proper legal channels and now gets on a plane and now she wins. >>judge napolitano: there are a lot of factors. this is the interpretation of an international treaty. the treaty was written to address situations like this. married couple with children who...
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Dec 10, 2012
12/12
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FOXNEWSW
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maybe if washington won't listen to us, he'll listen to fwod. let's ask him. it might change our country, it might just change us. [applause] well, it's been one of the most anticipated shows from the boy to girl back to 1964, charlie brown's search for the true meaning of christmas. one was in my home state of arc gnaw, because one person explained. and the judge in the case of the shooter, he had the nerve to tell the shooter, he had to save his beards. >> and from fox news, the book "the joy of hat", welcome greg gutfeld. [applause] >> greg, welcome. congratulations on the book. >> thank you very much. i awe it all to you. >> i'm sure you do. >> for eight. >> there you go, the oye book y tack about phony outrage and something comes along they get out of shape about it. and recently a person objected to some school children seeing "a charlie brown history" because we know how absolutely metro detroit cal that is. and a bald why, why did he have hero. >> should we let someone shut down these kids's christmas because of objection. >> and i don't think that's e
maybe if washington won't listen to us, he'll listen to fwod. let's ask him. it might change our country, it might just change us. [applause] well, it's been one of the most anticipated shows from the boy to girl back to 1964, charlie brown's search for the true meaning of christmas. one was in my home state of arc gnaw, because one person explained. and the judge in the case of the shooter, he had the nerve to tell the shooter, he had to save his beards. >> and from fox news, the book...
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vote. >>> also in washington small amounts of marijuana became legal. pot smokers celebrated by the segment space needle. they became the first state to decriminalize the recreational use of pot. adults can have up to one ounce of marijuana, but the law bans public use. >>> the man who allegedly pushed a passenger to his death in front of a subway train in new york has been arraigned. naeem davis was charged with second-degree murder yesterday. he implicated himself in the death of ki suh han. on wednesday han's daughter remembers her dad who comes to the others. >> nigh dad was never not hesitant to help anyone. he was always there for someone if they need help. >> davis is being held without bail. >>> and a memorial service in kansas city for javon belcher, the football player who committed suicide on saturday after killing his girlfriend. the chiefs had an early practice wednesday so his teammates could pay their last respects. they say they wanted to remember him as a man, not a killer. >> you've got to try to deal with it however you deal with it a
vote. >>> also in washington small amounts of marijuana became legal. pot smokers celebrated by the segment space needle. they became the first state to decriminalize the recreational use of pot. adults can have up to one ounce of marijuana, but the law bans public use. >>> the man who allegedly pushed a passenger to his death in front of a subway train in new york has been arraigned. naeem davis was charged with second-degree murder yesterday. he implicated himself in the...
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174
Dec 13, 2012
12/12
by
FBC
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eye 174
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are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate tax increases to balance lance our budget and unfortunately entitlement reforms particularly on health care side so we don't have the debt as far as eye can see. hopefully the speaker and president will get there. the solution is pretty straightforward. sandra: it isn't straightforward because we have so much disagreement. maybe it is harsh to call it as infighting maybe tension. more than 100 conservative leaders including former presidential candidate rick santorum, saying gop congressman will be targeted if they make concession on tax hikes. that sound
are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate...
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139
Dec 8, 2012
12/12
by
CNNW
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eye 139
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he put this out wednesday, the day before the law took effect in washington state. he said regardless of any changes in state law, including the change that will go into effect on december 6th in washington state, growing, selling or possessing any amount of marijuana remains illegal under federal law. that's what the u.s. attorney in seattle said. how are they going to enforce this because, you know, like the seattle police basically saying, we're not going to get involved with that, or at least hinting they won't. how would the feds do anything about this? >> this is a huge conflict on the horizon. the justice department reasserting that federal law supersedes state law and the controlled substances act law is still in effect. that lists marijuana as a schedule 1 narcotic, along with heroin, cocaine and lsd. they are saying congress decided this in 1970. it's out of our hands. we, the obama administration, the justice department, have an obligation to enforce the law as it stands, and that right now is in direct conflict with two states, washington and colorado. l
he put this out wednesday, the day before the law took effect in washington state. he said regardless of any changes in state law, including the change that will go into effect on december 6th in washington state, growing, selling or possessing any amount of marijuana remains illegal under federal law. that's what the u.s. attorney in seattle said. how are they going to enforce this because, you know, like the seattle police basically saying, we're not going to get involved with that, or at...